SPP Buy and Immediately Sell

  1. 3 Posts.
    Hi all,

    Bit of a rookie here.

    Going to get on board the KGN SPP train.
    However, is there anything that would stop someone from buying full allotment and then immediately selling as soon as they hit the market?
    Assuming the price remains similar to what is it, and you get a full allotment, the profit is almost $9k.

    Or is there a rule somewhere against this?
    Ie. do the stocks have to be held for a minimum period of time?
 
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(20min delay)
Last
$3.73
Change
-0.020(0.53%)
Mkt cap ! $371.5M
Open High Low Value Volume
$3.76 $3.77 $3.72 $1.290M 345.2K

Buyers (Bids)

No. Vol. Price($)
8 14349 $3.72
 

Sellers (Offers)

Price($) Vol. No.
$3.73 12541 1
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Last trade - 16.10pm 15/09/2025 (20 minute delay) ?
KGN (ASX) Chart
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